Bristol to divest Celgene’s psoriasis treatment in FTC clearance push
Bristol-Myers Squibb Co said on Monday it would divest Celgene Corp’s psoriasis treatment Otezla as the companies look to gain approval for their $74 billion deal from the U.S. Federal Trade Commission (FTC).
FedEx confirms Huawei mail ban as new ‘mistake’ reignites Chinese ire
FedEx Corp has apologized for another Huawei delivery “mistake,” reigniting Chinese ire and drawing the fire of state media which suggested the U.S. delivery firm could end up on China’s upcoming list of companies that harm national interests.
Eldorado Resorts to merge with Caesars Entertainment in $17.3 billion deal
U.S. casino operator Eldorado Resorts Inc has agreed to merge with Caesars Entertainment Corp in a $17.3 billion cash-and-stock deal, including debt, the companies said on Monday.
Oil extends gains on U.S.-Iran tensions
Oil prices rose on Monday, extending large gains last week that were prompted by tensions between Iran and the United States, as Washington was set to announce new sanctions on Tehran.
Lufthansa announces overhaul of budget carrier Eurowings
Lufthansa on Monday announced a turnaround plan for Eurowings in which the budget carrier will focus on short-haul flights and seek a 15% cut in costs by 2022 in the hope of returning to profit.
Bitcoin tests 15-month highs after 10% weekend jump
Bitcoin tested 15-month highs on Monday after jumping more than 10% over the weekend, with analysts ascribing the spike to growing optimism over the adoption of cryptocurrencies after Facebook unveiled its Libra digital coin.
Bitcoin pulls back from 15-month highs after 10% weekend jump
Bitcoin pulled back from 15-month highs on Monday after jumping more than 10% over the weekend, with analysts ascribing the spike to growing optimism over the adoption of cryptocurrencies after Facebook unveiled its Libra digital coin.
Nissan shareholders set to back CEO Saikawa amid fraying ties with Renault
Nissan Motor shareholders are widely expected to back Chief Executive Hiroto Saikawa at an annual general meeting on Tuesday, extending his tumultuous tenure at an automaker shaken by scandal and the loss of trust with alliance partner Renault.
G20 nerves hit European stocks, dollar; oil gains
European stocks stumbled and the dollar dropped to three-month lows on Monday as hopes waned for progress in Sino-U.S. trade talks at this week’s G20 meeting and fears grew of a confrontation with Iran.
Daimler slumps as diesel costs wipe out profit growth
Daimler shares fell as much as 5% on Monday after the German automaker cut its profit forecast for the third time in 12 months, saying it was setting aside hundreds of millions of euros to cover a regulatory crackdown on diesel emissions.
